Freight fraud is exploding. Cargo theft jumped 27% in 2024, with average losses topping $200K. Strategic thefts alone are up 1,500% since 2021 and rising fast, but FMCSA is fighting back. https://ow.ly/1MiT50XaB7S
Cargo theft surges 27% in 2024, FMCSA responds
More Relevant Posts
-
The U.S. Department of Transportation has issued an information request to address the sharp rise in cargo theft and fraud that is disrupting supply chains and driving up costs. Published under the title “Protecting America’s Supply Chain from Cargo Theft,” the notice highlights fragmented reporting and limited national visibility, calling for stronger coordination between law enforcement, industry, and federal partners. The U.S. Department of Transportation cites both “straight thefts,” stolen trailers, containers, or parked trucks, and “strategic theft networks” involving fraudulent carriers, cyber-enabled thefts, and insider collusion. CargoNet reports cargo theft spiked by more than 90% from 2021 to 2024, with the average cost of a stolen load exceeding $200,000. Read more on how regulators and industry leaders are working to combat rising cargo theft and safeguard U.S. supply chains: https://lnkd.in/eTZBFc5S #CargoTheft #FraudPrevention #SupplyChain #Transportation #Trucking #Policy #Regulations #USDOT
To view or add a comment, sign in
-
-
The U.S. Department of Transportation has issued an information request to address the sharp rise in cargo theft and fraud that is disrupting supply chains and driving up costs. Published under the title “Protecting America’s Supply Chain from Cargo Theft,” the notice highlights fragmented reporting and limited national visibility, calling for stronger coordination between law enforcement, industry, and federal partners. The U.S. Department of Transportation cites both “straight thefts,” stolen trailers, containers, or parked trucks, and “strategic theft networks” involving fraudulent carriers, cyber-enabled thefts, and insider collusion. CargoNet reports cargo theft spiked by more than 90% from 2021 to 2024, with the average cost of a stolen load exceeding $200,000. Read more on how regulators and industry leaders are working to combat rising cargo theft and safeguard U.S. supply chains: https://lnkd.in/gJsTEbPj #CargoTheft #FraudPrevention #SupplyChain #Transportation #Trucking #Policy #Regulations #USDOT
To view or add a comment, sign in
-
-
The U.S. Department of Transportation has issued an information request to address the sharp rise in cargo theft and fraud that is disrupting supply chains and driving up costs. Published under the title “Protecting America’s Supply Chain from Cargo Theft,” the notice highlights fragmented reporting and limited national visibility, calling for stronger coordination between law enforcement, industry, and federal partners. The U.S. Department of Transportation cites both “straight thefts,” such as stolen trailers, containers, or parked trucks, and “strategic theft networks” involving fraudulent carriers, cyber-enabled thefts, and insider collusion. CargoNet reports cargo theft spiked by more than 90% from 2021 to 2024, with the average cost of a stolen load exceeding $200,000. Read more on how regulators and industry leaders are working to combat rising cargo theft and safeguard U.S. supply chains: https://lnkd.in/gtKgXs3y #CargoTheft #FraudPrevention #SupplyChain #Transportation #Trucking #Policy #Regulations #USDOT
To view or add a comment, sign in
-
-
A DOT request for information is underway to map how cargo theft and fraud are affecting the freight market. With theft up nearly 90% in recent years and complex schemes now commonplace, cargo theft and fraud are too big to ignore. DOT launching crackdown on cargo theft https://lnkd.in/eTZBFc5S
To view or add a comment, sign in
-
-
Highway’s Q2 Freight Fraud Index recorded 847,000 fraudulent attempts blocked by mid-year, equal to 92 percent of last year’s total in just six months. The Highway integration inside Port TMS verifies carrier and contact identity before a load ever moves, even if the carrier is already onboarded. As Q4 brings more freight and more pressure, don’t let urgency open the door to risk. Full Report: https://lnkd.in/gH7DzMr7
To view or add a comment, sign in
-
Key Cargo Theft Statistics for the Last 18 Months (April 2024 – June 2025) Truck cargo theft has indeed surged, driven by organized crime targeting high-value goods like electronics, food & drinks, and metals. Below, I've compiled recent quarterly data from leading sources, focusing on incidents in the US and Canada (primarily US). These stats highlight the upward trend, with total incidents across the period exceeding 4,300.
To view or add a comment, sign in
-
-
The Department of Transportation is asking for feedback through Oct. 20 to help develop strategies to reduce cargo theft. #trucking https://lnkd.in/e_tujRgq
To view or add a comment, sign in
-
The Freight Fraud Task Force Inc has launched its new daily short video series, The Task Force Minute! The Task Force Minute is a short (1-3 minute) daily fraud prevention tip from the experts on the FFTF to help all industry stakeholders who sling freight, either in an operational or support capacity, protect themselves from fraud. These will be archived on our YouTube page (https://lnkd.in/gZv33MQd) Enjoy today's Task Force Minute: Gil Feldman USI Insurance Services Transportation Loss Prevention and Security Association (TLP&SA) The Logistics Lounge FreightValidate ✅ > ❌FreightWaves Adam Wingfield Drew Singleton Wilder #fraud #scam #DBBH #FreightFraudTaskForce #factoring #carrier #broker #dispatch #trucking #transportation #logistics #supplychain #prevention #owneroperator #3PL #warehouse #FFTF #FMCSA #DOT #attorney #claims #liability #contracts
To view or add a comment, sign in
-
Cargo theft is bleeding trucking dry, to the tune of $18 million a day. ATRI says total losses now top $6.6 billion a year as freight thieves get bolder and smarter. https://ow.ly/cCFj50XbnYg
To view or add a comment, sign in
-
-
Protecting America's Supply Chain From Cargo Theft-Request for Information Cargo theft has become one of the fastest-growing threats to U.S. freight resilience, costing billions annually and putting at risk the hard-working Americans who keep goods moving. As part of my current work advancing freight-security policy at the U.S. Department of Transportation, I’m proud to have contributed to the development of the Request for Information (RFI) now open for public comment. This marks a critical step toward building smarter, faster, and more secure systems across every mode of transportation. DOT is inviting input from carriers, logistics operators, insurers, and law enforcement to shape the next phase of national strategy. https://lnkd.in/gEyYBJrD
To view or add a comment, sign in
Explore content categories
- Career
- Productivity
- Finance
- Soft Skills & Emotional Intelligence
- Project Management
- Education
- Technology
- Leadership
- Ecommerce
- User Experience
- Recruitment & HR
- Customer Experience
- Real Estate
- Marketing
- Sales
- Retail & Merchandising
- Science
- Supply Chain Management
- Future Of Work
- Consulting
- Writing
- Economics
- Artificial Intelligence
- Employee Experience
- Workplace Trends
- Fundraising
- Networking
- Corporate Social Responsibility
- Negotiation
- Communication
- Engineering
- Hospitality & Tourism
- Business Strategy
- Change Management
- Organizational Culture
- Design
- Innovation
- Event Planning
- Training & Development
Wow-that is a large statistic. An important issue for everyone to keep in mind!